Eramet and BASF Scrap Indonesia Nickel-Cobalt Plant Due to Adequate Nickel Supply and Chinese Competition

Published: Jan 22, 2025 13:48

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Eramet and BASF Cancel Indonesia Nickel-Cobalt Plant Plan, Citing Sufficient Battery-Grade Nickel Supply

Recently, France's Eramet and Germany's chemical producer BASF canceled their plan to develop a $2.6 billion nickel-cobalt refinery in Indonesia, citing that the supply of battery-grade nickel is already sufficient. Western refineries also have to compete with Chinese refineries, which dominate Indonesia's nickel processing market and operate at lower costs.

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